LG Display Co. on Wednesday reported its third-quarter net loss of 338.1 billion won (US$244.8 million), remaining in the red compared with a year ago.

The company said in a regulatory filing that it continued to post an operating loss of 80.6 billion won for the July-September period, compared with a loss of 662.1 billion won a year earlier. Sales rose 42.5 percent to 6.82 trillion won.

The operating loss was 7.1 percent lower than the average estimate, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.

Source: Yonhap News Agency